ARMENIA HAS BEEN ONE OF THE LEADING PERFORMERS IN EURASIA IN ECONOMIC
AND POLITICAL REFORM, SAYS STATE DEPARTMENT

YEREVAN, FEBRUARY 2. ARMINFO. Armenia has been one of the leading
performers in Eurasia in economic and political reform, which is why
it was only one of two countries in the region deemed eligible this
year to receive grants from the Millennium Challenge Account, says
State Department fact sheet U.S. Assistance to Armenia — Fiscal Year
2004 (October 1, 2003-September 30, 2004).

<While economic growth has been strong, it has yet to provide
significant benefit to the vast majority of the population. As such,
U.S. assistance focuses on the growing small- and medium-scale
enterprise sector. Our democracy, economic, and law enforcement
programs will help to strengthen the democratic structures and
foundations in Armenia, as well as support regional stability and
security.

The estimated $89.7 million budgeted by all U.S. Government agencies
for assistance programs in Armenia in fiscal year 2004 is allocated
roughly as follows based on information available as of the date of
this fact sheet: Democracy Programs $13.0 million Economic

Social Reform $50.2 million Security

Law Enforcement $15.4 million Humanitarian Assistance $6.3 million
Cross Sectoral Initiatives $4.8 million. >